Microeconomics is the study of economics at the individual or micro level. One of the most well known microeconomic models is the production possibilities frontier, which is the maximum combination of output that an economy can produce given resources and technology. For this SLP, we will focus on the production of a country other than the United States. Think of a country that interests you. You can choose a country that you have lived in, visited, or even thought of visiting. Remember it can be the US. You can use the list of popular new sources in module 2 and find a current article about this country and answer the following questions:
1. What country did you choose? Why does this county interest you? What are some facts about this country (population, GDP, etc.)? (try to use other sources to find additional facts about this country such as the world bank, etc.)
2. What does the article discuss? Why is this issue important?
3. How do you think the current event will affect the global economy.